Event Details

Many manufacturing facilities rely on highly inaccurate plant-wide burden rates or outdated costing systems. In this course you will learn how to rapidly upgrade your ability to increase the accuracy of your costing process. Real-world experts will train management staff in the hands-on and how-to of setting up highly accurate costing systems.

You’ll be shown examples and real-life cases based on the types of costing typically encountered in the manufacturing setting.

The Manufacturing Costing – Transitioning to a More Accurate Costing System course provides key insights into the crucial elements for maximizing accuracy of costing systems, including machine-specific burden rate development, volume impact and a transition to a machine standard hour vs. labor standard hour application.

Participants in the course will understand how to:

Generate machine-specific burden rates

Apply volume impact to parts and to the plant as a whole

Properly separate SGA from plant burden

Apply a more accurate costing system to parts and quotes

Be equipped with takeaway tools to implement the knowledge gained

Presenter:Mr. Edward Pretzel, partner with Advanced Purchasing Dynamics Edward is a costing expert with 15 years of experience in the development and deployment of costing processes in manufacturing. He has led teams to cost model more than 800 factories around the globe including about 100 of those in stampings and fabrications. He has led supplier costing programs for General Motors, Lear, TRW and Dana.